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1.
Engaging in some sort of ridiculous behavior with a guy.

If you hear that your friend is about to Pull a James Franco you can be certain that there is going to be an interesting story to hear in the morning.

Doesn't have to end in bringing someone home, but the possibility is very likely.
"I just got a text from Anna at the bar."

"Says shit got crazy when we left and she is going to pull a james franco."
by MTL11 January 21, 2012
 
2.
to do many tasks without taking a break. to multitask to a point that seems impossible.
James Franco is getting multiple masters degrees while releasing movie after movie after movie, with out a pause, and he's hosting the Oscars. He is pulling a James Franco.
SNL helps define it: www.hulu.c0m/watch/213311/saturday-night-live-weekend-update-james-franco
Wow! Natalie Portman really pulled a James Franco before she got pregnant.
go to hulu and add this URL to see Saturday Night Live define "pull a James Franco" : watch/213311/saturday-night-live-weekend-update-james-franco
He is pulling a James Franco!
by Pantaloons! March 30, 2011